Arm Holdings plc (NASDAQ:ARM) Shares Sold by Fmr LLC

Fmr LLC decreased its holdings in shares of Arm Holdings plc (NASDAQ:ARM) by 9.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,066,163 shares of the company’s stock after selling 205,124 shares during the period. Fmr LLC owned approximately 0.20% of ARM worth $295,482,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. International Assets Investment Management LLC lifted its stake in shares of ARM by 14,351.1% in the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company’s stock valued at $1,161,670,000 after purchasing an additional 806,676 shares during the period. Sei Investments Co. boosted its stake in shares of ARM by 551.6% during the 2nd quarter. Sei Investments Co. now owns 579,330 shares of the company’s stock worth $94,790,000 after acquiring an additional 490,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of ARM by 186.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company’s stock worth $52,279,000 after acquiring an additional 233,909 shares during the period. Marsico Capital Management LLC purchased a new position in ARM in the 2nd quarter valued at approximately $33,207,000. Finally, ProShare Advisors LLC acquired a new position in ARM during the second quarter worth $16,611,000. 7.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wells Fargo & Company started coverage on ARM in a research report on Friday, November 22nd. They issued an “overweight” rating and a $155.00 price target for the company. JPMorgan Chase & Co. raised their target price on shares of ARM from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Daiwa Capital Markets upgraded shares of ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price target on the stock in a research report on Thursday, August 8th. The Goldman Sachs Group lifted their price objective on ARM from $144.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, TD Cowen increased their target price on ARM from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.32.

ARM Price Performance

NASDAQ ARM opened at $134.29 on Monday. The business’s 50-day simple moving average is $142.98 and its 200-day simple moving average is $141.70. The firm has a market capitalization of $140.71 billion, a P/E ratio of 223.82, a P/E/G ratio of 6.71 and a beta of 5.40. Arm Holdings plc has a 1-year low of $60.37 and a 1-year high of $188.75.

ARM (NASDAQ:ARM) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. ARM had a net margin of 18.13% and a return on equity of 13.69%. The company had revenue of $844.00 million during the quarter, compared to the consensus estimate of $810.03 million. During the same period in the previous year, the firm earned $0.36 earnings per share. ARM’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities research analysts expect that Arm Holdings plc will post 0.79 EPS for the current fiscal year.

ARM Company Profile

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.